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2 How transaction fees work In short, you pay either a fixed fee or a sliding scale fee, sometimes called ad valorem. An example of how a fixed fee works is that when you perform account payments at an Absa ATM, you ll pay a fixed fee per transaction, whether you pay R100,00 or R With a sliding scale fee, you pay a base fee for the transaction itself plus a fee based on the value of the transaction. An example is the ATM cash withdrawal on a Current Account. There is a R3,95 base fee for the transaction plus a R1,30 fee per R100,00 withdrawn, which means a R500,00 cash withdrawal will cost you R10,45 (R3, x R1,30). 4. Rebate Banking You will not pay banking fees on certain transactions if you keep a set minimum balance in your account throughout the month. 5. EasyFee EasyFee is a Management Fee option where you pay a monthly fee based on the number of selected transactions you do each month. It offers you different pricing options to choose from, each with a set number of selected transactions. Once you have used all your set transactions you are charged a single fee per selected transaction and no out-of-bundle penalty fees. Pricing options at a glance To get the most out of your banking, choose the product and pricing option that best suits your needs and your pocket. As your needs change, relook your options. When choosing a transactional account, you can choose between various pricing options. 1. Pay-as-you-transact This is the standard fee pricing option, where you are charged a standard fee for every transaction you make. 2. Value Bundle You pay an affordable, fixed monthly fee from as little as R49,00 a month for a set number of transactions as part of your Value Bundle. On the Gold and Platinum Value Bundle, unused transactions roll over to the next month. Various value-added services are included. 3. Prepaid With this pricing option, an upfront fee is charged for all credits into the account. No fees are charged for transactions performed on Absa s infrastructure. Get more. Prosper. Disclaimer: Fees quoted in this brochure are valid from 16 March Unless otherwise stated, fees include 14% VAT and are subject to change. Absa Bank is entitled, immediately and without notice, for each product or service offered to individual customers, to change the fees and costs to fees and costs that apply to the same and similar business products and services offered to business customers if there is evidence that an individual product or service is used for business purposes, or used in any way that is not allowed by the product terms or conditions. This may also result in customers having to pay additional fees and costs, or even the termination of the product or service. E&OE Page 2 Pricing Guide

13 Gold/Platinum Current Account Other fees Declined fee (insufficient funds) (6) R5,00 Returned cheque deposit R80,00 Notes: (FVB) A R5,00 premium will apply to these transactions for Flexi Value Bundle customers. 1. Cash withdrawals performed at Global Alliance partners: R35, Only applicable to accounts that allow cheques to be issued. 3. Customers can register for estatements by logging on to Internet Banking and clicking on the Portfolio menu bar and then on estatements, or via Telephone Banking or by sending their request to 4. An additional fee of R2,00 is applicable if request is ed or R6,50 for fax. 5. Increasing to R138,00 per transaction from the 4 th occurrence within 12 months. Cheques that are unpaid will be levied a flat fee of R138,00 from the first occurrence. 6. Includes the following: Absa ATM, Absa-supported ATM, Saswitch ATM, Post Office, Overseas ATM and POS. 7. A currency conversion fee of 2,75% (of the rand value of the transaction) applies to any transaction outside South Africa. Page 13 Pricing Guide

15 Gold Value Bundle Platinum Value Bundle Cross-product benefits Cash back for your Credit Card R19,00 R41,00 Cash back for your Home Loan (4) R15,00 R20,00 Cash back for your Vehicle Finance R5,00 R5,00 Additional features Spouse discount on monthly service fees 50% 50% Lump sum death benefit R R All other transactions not included in the above list or transactions done in excess of specific limits, will be charged at Pay-as-you-transact fees as applied on the Gold/Platinum Current Account as per pricing table on page 11. Notes: 1. The first five visits per annum via Priority Pass are included in the monthly fee. Visits in excess of five will be charged at $33,00 per visit at the exchange rate on the day of billing. Visit for information on participating lounges. Please remember to keep a personal record of your visits so you know when your free visits have been used as statements are not provided. A fee of R80,00 will apply to Priority Pass card replacements. Priority Pass is for international and domestic lounge access. 2. Customers can register for estatements by logging on to Internet Banking and clicking on the Portfolio menu bar and then on estatements, or via Telephone Banking or by sending their request to Notes: The following Internet, Cellphone and Telephone Banking transactions will generate a separate fee (in addition to the monthly service fee) on Value Bundles: Archived statements Immediate interbank payments Notice of payments (fax, and SMS) CashSend Tax certificates Stop payments of cheques or debit orders. 3. Unused transactions for the current month will be added to the next month s transaction limits (i.e. A Gold Value Bundle customer who only uses 2 ATM withdrawals will have 8 ATM transactions in the following month). 4. Joint Home Loans and Home Loans under the Usury Act are excluded. Page 15 Pricing Guide

19 Student Banking Student Silver A Student Silver Current Account is the most cost-effective way to bank while you are a student. For as little as R17,50 a month, all your day-to-day banking needs are taken care of. A Student Silver Account provides you with unlimited access to Internet and Cellphone Banking as well as our ATM network, providing you with convenient and affordable access to your finances wherever you are. EasyFee The default pricing option on Student Silver is the EasyFee pricing option. With this option you can perform an unlimited number of selected transactions through our self-service channels for a fixed fee of R17,50 a month. Student Silver EasyFee option Monthly fee Number of transactions included Fee per transaction thereafter Option 1 R17,50 Unlimited For Student Silver, there are no monthly subscription fees for NotifyMe and Internet, Cellphone and Telephone Banking. Most fees for transactions performed on these channels are included in the monthly service fee. Charges will be levied for immediate interbank payments, notice of payments or reminders, archived statements and tax certificates. Transactions catered for in EasyFee The monthly fee includes any combination of the following day-to-day transactions performed on any electronic channel (Absa ATM, Internet/Cellphone/Telephone Banking (IVR)): Absa ATM cash withdrawals Absa ATM cash deposits Absa ATM balance enquiries and ministatements CashSend at an Absa ATM Electronic funds transfers Account payments Point-of-sale purchases and cash withdrawals (local) Debit orders and stop orders. All other transactions not included in the above list (e.g. Saswitch transactions, branch counter transactions) will be charged for at the standard fee as reflected on the Pay-as-you-transact pricing table on page 45. For Student Silver, monthly mailed statements and estatements (1) are free of charge. Note 1. Customers can register for estatements by logging onto Internet Banking and clicking on the Portfolio menu bar and then on estatements, or via Telephone Banking or by sending their request to Page 19 Pricing Guide

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